Offset the cost of EVs with the Low Carbon Fuel Standard (LCFS)

Offset the cost of EVs with the Low Carbon Fuel Standard (LCFS)

May 18,2020– ACTNews.com

Thousands of dollars are currently available for fleets operating clean vehicles. It sounds unbelievable, but for fleets in California and Oregon the Low Carbon Fuel Standard (LCFS) program offers an avenue to earn money using low emission or renewable fuels.

The LCFS is a market-based, fuel-neutral program designed to reduce the carbon intensity of traditional transportation fuels. Users and producers of clean energy earn credits through their emission reductions. Those credits are then sold to regulated entities, such as importers, producers, and refiners of petroleum fuels, that are required to purchase credits to meet carbon emission reduction goals. For a more detailed introduction to the LCFS program, read my previous article, “Generate Revenue with Clean Fuels.”

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